Budget Resolution - History

History

Prior to 1974, there was no Congressional Budget Office nor budget resolution process. When President Richard Nixon began to refuse to spend funds that the Congress had allocated, Congress needed a more formal means by which to challenge him. The resulting Congressional Budget and Impoundment Control Act of 1974 created the Congressional Budget Office and directed more control of the budget to CBO and away from the President's Office of Management and the Budget. The Act passed easily as the administration was then embroiled in the Watergate scandal and unwilling to provoke Congress.

Read more about this topic:  Budget Resolution

Famous quotes containing the word history:

    The true theater of history is therefore the temperate zone.
    Georg Wilhelm Friedrich Hegel (1770–1831)

    The history of every country begins in the heart of a man or a woman.
    Willa Cather (1876–1947)

    If man is reduced to being nothing but a character in history, he has no other choice but to subside into the sound and fury of a completely irrational history or to endow history with the form of human reason.
    Albert Camus (1913–1960)